Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theHepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market?
The anticipated growth of the hepatic-pancreatic-biliary (HPB) surgical device market is closely tied to the surge in medical tourism. This involves individuals traveling across borders to obtain medical treatment, health care services, or undergo procedures. HPB surgical devices play a critical role in this sector, providing international patients with access to specialized, high-quality surgeries for complications related to the liver, pancreas, and bile ducts. These surgeries are often more affordable, leverage cutting-edge technology, and have shorter waiting periods than what patients might experience in their home countries. For example, data from the Centers for Medicare and Medicaid Services (CMS), a US federal agency in December 2023, revealed that US healthcare spending rose by 4.1% in 2023, reaching $4.5 trillion in 2022, a spike from the 3.2% increase in 2021. Moreover, expenditure on hospital care services increased by 2.2% in 2022, amounting to $1.4 trillion. These statistics underscore the role of increasing medical tourism in fuelling the growth of the hepatic-pancreatic-biliary (HPB) surgery and surgical devices market.
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#What Long-Term Growth Rate is Expected for theHepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Between 2025 and 2034?
In the past few years, there has been a significant surge in the market size of surgical devices used for hepato-pancreatico-biliary (HPB) surgeries. The market is set to grow from a valuation of $5.25 billion in 2024 to an estimated $5.66 billion in 2025, showing a compound annual growth rate (CAGR) of 7.9%. Factors contributing to the growth during the historic period include an aging global population, improvements in healthcare infrastructure worldwide, an increase in the number of minimally invasive surgeries performed, regulatory clearances and standardization, and a growing preference for ambulatory surgical centers.
Predictions suggest a robust expansion of the hepato-pancreatico-biliary (HPB) surgeries surgical devices market in the coming years, with an expected valuation of $7.26 billion by 2029, marking a CAGR of 6.4%. This growth projection for the forecast period is credited to a rise in liver and pancreas related diseases, an increasing trend of gallbladder issues in young adults, a surge in medical tourism, and an uptick in attention towards healthy diets, along with prevalent HPB disorders. The forecast period is also set to witness major trends such as remote surgical platforms, the application of nanotechnology in surgical devices, the introduction of patient-specific implants, smart surgical instruments, and the incorporation of augmented reality (AR) in surgical planning.
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What Are the Current Market Growth and Trends in theHepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market That Industry Players Should Watch?
Leading firms in the hepato-pancreatic-biliary (HPB) surgery surgical devices industry are forging ahead with the creation of technologically advanced products such as robotic-assisted surgical staplers, to strengthen their market position. This stapler is utilized in a variety of surgical procedures, predominantly by gastrointestinal surgeons, surgical oncologists, bariatric surgeons, and HPB (Hepato-Pancreatic-Biliary). For example, Olympus Corporation, a Japan-based optics and reprography product manufacturer, brought the VISERA ELITE III to market in September 2022. This latest surgical visualization system boasts a variety of imaging features, including exceptionally clear 4K resolution and fluorescence imaging, enabling pinpoint liver and pancreatic tissue dissection during laparoscopic practices, namely laparoscopic cholecystectomy and liver resections. These advancements enhance visualization, making HPB surgeries safer and more efficient.
What Are the Major Market Players Making an Impact on theHepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Growth?
Major companies operating in the hepato-pancreatico-biliary (HPB) surgeries surgical devices market report are Cardinal Health Inc., Johnson & Johnson Services Ltd., General Electric Company, 3M Company, Medtronic Plc, KARL STORZ SE & Co. KG, FUJIFILM Holdings Corporation, BD CooperSurgical Inc., Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Terumo Corporation, Smith & Nephew plc, Steris Plc, W.L. Gore & Associates Inc., Cook Medical Inc., CONMED Corporation, Richard Wolf GmbH, CooperSurgical Inc., Medi-Globe GmbH, Thompson Surgical Instruments Inc., Lotus Surgicals Pvt. Ltd., Comepa Industries, Hobbs Medical Inc., TeleMed Systems Inc., Medorah Meditek Pvt. Ltd., Origio India Pvt. Ltd.
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How Are the Key Segments of the Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Driving Opportunities and Innovations?
The hepato-pancreatico-biliary (HPB) surgeries surgical devices market covered in this report is segmented –
1) By Product: Electrosurgery Instruments, Endoscope, Hand Instruments, Access Instruments, Stents, Energy/Vessel Sealing Devices, Visualization and Robotic Surgical System, Surgical Suture and Stapler Devices, Fluid Management System
2) By Indication: Liver Cancer, Pancreatic Cancer, Gall Stones, Bile Duct Cancer, Cirrhosis, Pancreatitis, Cholecystitis
3) By End User: Hospitals, Specialty Clinics, Trauma Centers, Ambulatory Surgical Centers
Subsegments:
1) By Electrosurgery Instruments: Electrosurgical Generators, Monopolar And Bipolar Electrosurgical Devices, Electrosurgical Pencils And Accessories
2) By Endoscope: Rigid Endoscopes, Flexible Endoscopes, Laparoscopes, Video Endoscopes
3) By Hand Instruments: Scissors, Forceps, Graspers, Scalpels
4) By Access Instruments: Trocar And Cannula Systems, Access Ports, Balloon Dilators
5) By Stents: Biliary Stents, Pancreatic Stents, Drug-Eluting Stents
6) By Energy Or Vessel Sealing Devices: Ultrasonic Energy Devices, Radiofrequency Ablation Devices, Hemostatic Devices
7) By Visualization And Robotic Surgical System: Robotic Surgical Systems, High-Definition Visualization Systems, Surgical Cameras
8) By Surgical Suture And Stapler Devices: Absorbable And Non-Absorbable Sutures, Manual And Automated Staplers, Linear Staplers
9) By Fluid Management System: Fluid Warming Systems, Fluid Suction Systems, Drainage Systems
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theHepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market?# Market Expansion?
North America was the largest region in the hepatic-pancreatic-biliary (HPB) surgical device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hepato-pancreatico-biliary (HPB) surgeries surgical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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